Please ditch foxconn henrik. I don't want fisker to be a manufacturer's first car. There will be a lot of issues. Use Magna again. Supposedly they are looking to build a plant in the US, which would mean tax credits. Magna Steyr Plotting U.S. Plant To Comply With Biden’s “Made In America” EV Rules | Carscoops
FoxConn and Lordstown Motors are having a falling out? Could this imperil Fisker’s plan for the Pear?
The article doesn’t mention Fisker at all … but it certainly seems FoxConn may be having cold feet about building Lordstown’s Endurance pickup… and they were supposed to be building the Pear at the same plant.
insideevs.com
Lordstown Warns Of Bankruptcy As Foxconn Threatens To Cut Funding
Foxconn's decision was rushed by a Nasdaq warning to Lordstown that its stock may be delisted after falling below a minimum $1 per share for 30 straight days.
insideevs.com
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FoxConn owns the plant and infrastructure, which it bought as part of the original deal. Its investment in LM is linked to certain performance milestones that LM has been failing to meet. The delisting is among LM's problems. Foxconn is moving forward with EV manufacturing with or without LM. One could speculate that this was a cheap way to buy the assets before a bankruptcy and to avoid having to deal with the messiness of the Lordstown creditors and shareholders. Should have zero impact on Fisker.
Sounds good, thanks!FoxConn owns the plant and infrastructure, which it bought as part of the original deal. Its investment in LM is linked to certain performance milestones that LM has been failing to meet. The delisting is among LM's problems. Foxconn is moving forward with EV manufacturing with or without LM. One could speculate that this was a cheap way to buy the assets before a bankruptcy and to avoid having to deal with the messiness of the Lordstown creditors and shareholders. Should have zero impact on Fisker.
Cars manufactured in Canada & Mexico also qualify for the credits, as I understand it. I did a quick search and couldn't find one way or the other whether any Magna has any plants in Canada or Mexico assembling cars. The certainly have many plants making parts, though.Please ditch foxconn henrik. I don't want fisker to be a manufacturer's first car. There will be a lot of issues. Use Magna again. Supposedly they are looking to build a plant in the US, which would mean tax credits. Magna Steyr Plotting U.S. Plant To Comply With Biden’s “Made In America” EV Rules | Carscoops
When I have looked for this previously, the only thing I could find was the old Steyr plant and a Magna assembly plant in China. With so much of their business tied up in Tier 1 automotive supply, I think this is a tricky business for them. Foxconn, with nothing to lose in the automotive industry or battery industry is well positioned as a disrupter if they start the course and deliver.Cars manufactured in Canada & Mexico also qualify for the credits, as I understand it. I did a quick search and couldn't find one way or the other whether any Magna has any plants in Canada or Mexico assembling cars. The certainly have many plants making parts, though.
This is a pretty good recent summary of their plans: Analysis: Foxconn races to become an EV player and the clock is ticking
They are also building Monarch Electric tractors there now: Foxconn begins rolling first Monarch electric tractors off assembly lines in Lordstown
Pear is the first real chance for a high-volume vehicle. Fisker needs to get a LOT faster on the PEAR if it wants to be out ahead of the competition. Dump the Ronin, get a fully production-ready into the LA auto show this fall. Foxconn needs to hit go on this by 3Q 2024. The Tesla Mexico plant is coming for this segment. So is GM with the equinox. And VW. The entry-level EV market is going to be insanity in 2025/2026 (btw exactly on schedule with predictions made seven years ago).
They could dump the alaska too. Or at least delay it. PEAR should be the highest priority. And they'd be smart to do an actual affordable sedan before the ronin or alaska.When I have looked for this previously, the only thing I could find was the old Steyr plant and a Magna assembly plant in China. With so much of their business tied up in Tier 1 automotive supply, I think this is a tricky business for them. Foxconn, with nothing to lose in the automotive industry or battery industry is well positioned as a disrupter if they start the course and deliver.
This is a pretty good recent summary of their plans: Analysis: Foxconn races to become an EV player and the clock is ticking
They are also building Monarch Electric tractors there now: Foxconn begins rolling first Monarch electric tractors off assembly lines in Lordstown
Pear is the first real chance for a high-volume vehicle. Fisker needs to get a LOT faster on the PEAR if it wants to be out ahead of the competition. Dump the Ronin, get a fully production-ready into the LA auto show this fall. Foxconn needs to hit go on this by 3Q 2024. The Tesla Mexico plant is coming for this segment. So is GM with the equinox. And VW. The entry-level EV market is going to be insanity in 2025/2026 (btw exactly on schedule with predictions made seven years ago).
I don't agree, the Alaska will be not very expensive to develop because it's based on the Ocean so will use a lot of the same parts. The Ronin will generate lot of cash because the higher sale price. Let Fisker remain on track with their original plan.They could dump the alaska too. Or at least delay it. PEAR should be the highest priority. And they'd be smart to do an actual affordable sedan before the ronin or alaska.
100% on the money!Pear is the first real chance for a high-volume vehicle.
Fisker needs to get a LOT faster on the PEAR if it wants to be out ahead of the competition
For Fisker Inc to become a serious BEV player, it needs the annual volume of a 250,000 PEAR models traipsing around Europe and North America.
Secondary focus could be on Asia (Korea & Japan), Oceania (Australia & New Zealand)
Third focus should be on the BEV elephant (China) via partnership
with Chinese BEV manufacturers
Forth focus could be India via partnership with Indian OEM such
as Tata Motors
yeah, good luck with that....it needs the annual volume of a 250,000 PEAR models traipsing around Europe and North America.
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